Rongan Property Co (SZSE:000517) Days Payable : 86.21 (As of Mar. 2025)

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What is Rongan Property Co Days Payable?

Rongan Property Co's average Accounts Payable for the three months ended in Mar. 2025 was ¥2,277 Mil. Rongan Property Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥2,410 Mil. Hence, Rongan Property Co's Days Payable for the three months ended in Mar. 2025 was 86.21.

The historical rank and industry rank for Rongan Property Co's Days Payable or its related term are showing as below:

SZSE:000517' s Days Payable Range Over the Past 10 Years
Min: 43.49 Med: 138.67 Max: 237.61
Current: 51.37

During the past 13 years, Rongan Property Co's highest Days Payable was 237.61. The lowest was 43.49. And the median was 138.67.

SZSE:000517's Days Payable is ranked worse than
69.69% of 1557 companies
in the Real Estate industry
Industry Median: 95.65 vs SZSE:000517: 51.37

Rongan Property Co's Days Payable increased from Mar. 2024 (39.30) to Mar. 2025 (86.21). It may suggest that Rongan Property Co delayed paying its suppliers.

Rongan Property Co Days Payable Historical Data

The historical data trend for Rongan Property Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Rongan Property Co Days Payable Chart

Rongan Property Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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152.20

105.52

125.13

61.86

43.49

Rongan Property Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															39.30	45.30	80.48	32.20	86.21

Competitive Comparison of Rongan Property Co's Days Payable

For the Real Estate - Development subindustry, Rongan Property Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Rongan Property Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Rongan Property Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Rongan Property Co's Days Payable falls into.

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Rongan Property Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Rongan Property Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (3084.094	+	2407.745)	/	2 )	/	23043.365	*	365
=	2745.9195					/	23043.365	*	365
=	43.49

Rongan Property Co's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (2407.745	+	2146.022)	/	2 )	/	2409.914	*	365 / 4
=	2276.8835					/	2409.914	*	365 / 4
=	86.21

Rongan Property Co Days Payable Related Terms

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Rongan Property Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rongan Property Co Ltd (SZSE:000517) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 513, Lingqiao Road, 15th Floor, Haishu District, Zhejiang, Ningbo, CHN, 315010

Website

http://www.rongan.com.cn

Rongan Property Co Ltd is a China-based company engages in the development, operation, and distribution of real estate. Its business activities include the sale of real estate properties, property management, and house leasing services. It is also engaged in the construction of commercial properties such as parking lots. It also offers multi-story apartments, small and high-rise apartments and business buildings.

Executives

Wang Cong Wei	Directors, executives
Wang Jiu Fang	Director
Lan Dong Hai	Directors, executives
Yu Ya Ping	Supervisors
Wang Lin Shan	Director
Zhong Wei Min	Director
Yu Kang Qi	Directors, executives
Song Zhang Hong	Executives
Wang Xin Zhong	Supervisors
Hu Yue Han	Directors, executives
Wu Ying	Securities Affairs Representative

Rongan Property Co Headlines

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